MARATHON PATENT GROUP, INC. : Change in Directors or Principal Officers (form 8-K)

ITEM 5.02 Appointment of an Officer; Resignation of an Officer; Compensatory
Preparations of an Officer

Efficient October 19, 2020, David Lieberman retired because the Chief Monetary
Officer of Marathon Patent Group, Inc., and Simeon Salzman was appointed as
Chief Monetary Officer.

Mr. Simeon Salzman has served because the Chief Monetary Officer and Senior Vice
President of the Las Vegas Monorail Firm, a non-public non-profit 501c(4)
entity, since July 2018. The Las Vegas Monorail Firm operates a driverless
monorail transit system that carries roughly 4,600,000 passengers yearly
over a 3.9 mile elevated observe. There Mr. Salzman was chargeable for overseeing
all monetary capabilities together with audit, treasury and company finance. In
addition, he was chargeable for inner management compliance and administration
technique.

Previous to the Las Vegas Monorail Firm and from Could 2015 to July 2018, Mr.
Salzman served because the Chief Monetary Officer for Wendoh Media and Nook Bar
Administration for over three years. Wendoh Media operated a weekly publication, a
video modifying entity, and a digital promoting entity. Nook Bar Administration
operates 4 totally different bars and eating places in Downtown Las Vegas. Utilizing his
earlier expertise because the Company Controller for varied managed nightlife,
lounges and eating places on the most prestigious Resort & Casinos on the Las
Vegas Strip, Mr. Salzman was in a position to parlay his ability set revitalizing the
varied meals and beverage institutions operated by Nook Bar Administration in
Downtown Las Vegas. By way of enhanced analytical critiques, budgeting, inner
management implementation and decreasing overhead, Mr. Salzman was in a position to save over
$1.4 million in mixture prices and generate EBITDA of over 25% for eight
consecutive quarters.

Mr. Salzman beforehand served because the Vice President of Packages and Secretary on
the Board of Director’s for Monetary Executives Worldwide (FEI). Monetary
Executives Worldwide connects senior-level monetary executives by defining
the career, exchanging concepts about greatest practices, educating members and
others whereas working with the federal government to enhance the overall economic system. He additionally
presently serves because the Treasurer on the Board of Administrators of his native
neighborhood HOA. Mr. Salzman holds a Bachelor of Science in Accounting and a
Bachelor of Arts in Prison Justice & Criminology from the College of
Maryland, School Park. He’s a Licensed Public Accountant.

On October 19, 2020, the Firm entered into an Government Employment Settlement
with Mr. Salzman (the “Settlement”). The Settlement has a time period of two years and
robotically renews for successive one yr phrases until both get together offers
discover of nonrenewal a minimum of 90 days previous to the tip of the preliminary time period or
any renewal time period. Mr. Salzman’s annual base wage is $200,000 with bonuses at
the discretion of the Firm’s Board of Administrators. Mr. Salzman may obtain
a grant of restricted inventory models, and any such grant shall vest in 4 equal
quantities on the date of grant and the three successive three month anniversaries
thereof. Within the occasion of a change in management, all RSUs vest instantly. Mr.
Salzman obtained a signing bonus of $25,000 in lieu of a base pay enhance
through the second yr of the Settlement. Mr. Salzman is entitled to 30 paid
trip days per yr and is entitled to take part in all Firm profit
plans per normal Firm coverage.

Upon any termination of the Settlement, Mr. Salzman is entitled to compensation
and reimbursement of bills by the date of termination in addition to cost
for any accrued and unpaid trip days. If the termination is aside from for
trigger, Mr. Salzman’s excellent RSUs shall instantly vest. Upon a termination
not for trigger by the Firm or by Mr. Salzman with good cause or inside 180
days of a change in management, he shall obtain the better of his remaining base
wage for the remaining time period of the Settlement and 12 months base wage plus
advantages. The Settlement accommodates customary and standard definitions of termination
for trigger and good cause.

The Annual Bonus, and any and all inventory primarily based compensation (similar to choices and
fairness awards) (collectively, the “Clawback Advantages”) shall be topic to
“Clawback Rights” as follows: through the interval that the Government is employed
by the Firm and upon the termination of the Government’s employment and for a
interval of three (3) years thereafter, if there’s a restatement of any monetary
outcomes from which any metrics had been decided to be achieved which had been the
foundation of the granting and calculation of such Clawback Advantages to the
Government, the Government agrees to repay any quantities which had been decided by
reference to any Firm monetary outcomes which had been later restated (as outlined
beneath), to the extent the Clawback Advantages quantities paid exceed the Clawback
Advantages quantities that will have been paid, primarily based on the restatement of the
Firm’s monetary data.